For several years we have been talking about transfer pricing in Puerto Rico. What is transfer pricing? In a simple way, we could define it as the price that an entity charges to a related entity for goods and services, when they are each in different jurisdictions. Then, why is this subject more important now […]
Creating a culture of innovation is one of the most important things a company can do to ensure that it continues to evolve and prosper. But the right environment must exist for bright minds to continue presenting intelligent ideas that solve customer problems. These are the three key ingredients to help create a culture of […]
The global auto industry has taken a hit in recent years. For example, 2019 was considered to the worst year for the auto industry ever since the global economic recession of 2008. According to a study, there was a 4.4% slump for the industry in 2019, and forecasts for 2020 suggest a 0.3% downturn. However, things […]
The effective communication of corporate social responsibility initiatives contributes, not only to enhancing a company’s image and/or the perception of a brand, but also to developing a better relationship with its internal public (employees, suppliers, contractors) and external public (clients, general public). But what happens when that corporate social responsibility is a hollow strategy or […]
A conundrum is a mystery, a puzzle, an enigma. And in Puerto Rico many go unresolved for months, years and even decades. A big mystery looming in the horizon on the already debt-ridden government of Puerto Rico is the fate of the FirstNet broadband network, with its corresponding implications to the sustainability of our public […]
On Dec. 28, an earthquake rattled Puerto Rico’s southwest coast, destroying homes and cultural treasures. Unfortunately, it was just a precursor to a magnitude 6.4 temblor that struck the same area on Jan. 7. The government of Puerto Rico, the Puerto Rico Emergency Management Bureau, their supporting government agencies and local community leaders immediately began […]
In Puerto Rico we have a long way to go to become a sustainable island, but the reality of what we are living on a daily basis is urging that we hurry. Sustainability is not a whim. Sustainability is synonymous with equality, and equality always means economic growth. At this point we can all agree […]
This week, a federal jury returned a guilty verdict against the former mayor of Gurabo for extorting $125,000 from a government contractor in exchange for paying eight outstanding invoices for services previously rendered. Last week, the Financial Oversight and Management Board for Puerto Rico (FOMB) reminded the government that a recent executive order setting aside […]
Digitization and automation continue to change the workforce and make traditional roles become, often, redundant. The reality is that change is necessary and if companies do not adapt to it, the competitive advantage they offer to their customers will probably disappear. Over time, we have seen that the most successful and recognized brands by people […]
By Julia A. FernándezSpecial to News is my Business Businesses had little interest in adopting Voice over Internet Protocol (VoIP) when it was introduced in the mid-1990s. This is because mobile phones were entering the market, while the internet which enabled VoIP was slow and unreliable. However, the technology improved significantly over the years and […]
Mobile connectivity is crucial in the wake of a natural disaster as consumers seek to connect with loved ones and vital services. This is made all the more difficult by the fact that natural disasters can also wreak havoc on the infrastructure that supports that connectivity, including electrical power. To support recovery efforts, we used […]
By Julia A. FernándezSpecial to News is my Business Tech addiction is real. And it is spreading at a rapid pace all over the world. Teenagers and adults alike are addicted to screens, and Puerto Rico is no exception. You would find people, particularly teenagers, engrossed in their phones oblivious to their surroundings. Technology has […]
Artificial intelligence is increasingly available to society, either directly or indirectly. It makes interaction processes between businesses and consumers easier every day, which is why customers are adapting so quickly to this new reality. AI technology is improving more each day and is being implemented successfully to offer experiences of the intelligent and informed customer. […]
We are currently making unimaginable advances in this digital and technological era and one of the fastest growing sectors is online commerce. But it’s no use if we don’t take advantage of all this. Digital literacy is a fundamental part for all those small and medium entrepreneurs who are looking to start an online business […]
Do you often find yourself dreaming about becoming your own boss? Do you think you have the passion and skill set to join the other 30 million small business owners already living the American dream? If you answered yes to both questions, then perhaps 2020 is the year when you can take that plunge into […]
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